Euro Update

Last night I posted this about the Euro/Dollar

Excerpt: "With what's coming out of Europe (and this is an extended news cycle, usually the Euro fears persist for 5 days and then take a back seat only to reemerge) its hard to see how the Euro could even manage a bounce, but much stranger things have happened."


I haven't seen any news out of Europe as of yet, but the Euro is moving up.

The red arrow is the market close as of yesterday, you can see we have had a sharp bounce this morning, a stronger Euro/weaker Dollar is generally equities positive.